Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Browns weighs on Headcrown results

Browns Construction is again causing headaches for parent group Headcrown after losing money last year.

The construction conglomerate, whose other businesses include JF Finnegan and Gee Construction, said Browns lost £395,535 after tax for the year to September 2007.

The Cheshire-based group, which was established in 1860, posted a £2.1 million loss two years ago before returning to profitability in 2006.

Headcrown chairman Carl Brian said: “The business [Browns] has a number of formal disputes dating back a number of years and these are now all coming to a conclusion.”

Group pre-tax profits fell 14.5 per cent to £11.8 million after lower profits at JF Finnegan, which came in at £8.5 million, and Cruden, where profits ended up at £1.7 million.

Gee Construction was the only division to record profits growth, the £2 million pre-tax figure up 19 per cent on last time.